$CPB Overview Financial Statements SEC Filings Executives News Red Flags Capital Raising Ownership Insider Transactions Congressional Trades

Campbell's Co

campbells.com

What Do They Do?

Sells branded soups, meals and snacks through retailers and to foodservice businesses.

How Do They Make Money?

Retailers and foodservice buyers purchase food and beverage products through the company's sales force, brokers or distribution partners; customers typically pay shortly after delivery.

revenue

Segment	Share	How money arrives
Soup Sold outright	27% FY2023: 29%	Sold outright
Snacks Sold outright	43% FY2023: 50%	Sold outright
Other Simple Meals Sold outright	23% FY2023: 13%	Sold outright
Beverages Sold outright	7.0% FY2023: 8.2%	Sold outright

Who Are Their Customers?

The company sells through its own sales force, brokers and distribution partners; retailers and other commercial and non-commercial establishments resell products to consumers. Snacks products also use independent contractor distributors for store delivery.

Customers above 10% of revenue, FY2026

of revenue from one customer

FY2024: 22% from one customer

Do Revenues Turn Into Profits?

Yes. It kept 4 cents of every revenue dollar as net income in FY2026 and turned 7 cents into free cash flow.

Operating income, FY2026

9% of revenue

▼ −24% vs FY2025 ($1.1B, 11%)

Net income, FY2026

4% of revenue

▼ −33% vs FY2025 ($602M, 6%)

Free cash flow, FY2026

7% of revenue

▼ −4% vs FY2025 ($705M, 7%)

How Are They Changing?

Growing. Revenue grew 14% in 4 years, from $8.6B in FY2022 to $9.7B in FY2026, about 3% a year.

Added prepared-food brands The latest description includes Rao's sauces, pasta, frozen meals, pizza and soups, plus Michael Angelo's frozen meals and sauces; the earlier one does not.

Sold Pop Secret The Snacks portfolio no longer includes Pop Secret popcorn, which the company sold.

Revenue over time

Soup Snacks Other Simple Meals Beverages

$20B$10B$0

FY2022 FY2023 FY2024 FY2025 FY2026